Banco Bradesco S.A. (NYSE:BBDO) Announces Dividend Increase - $0.00 Per Share

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) declared a monthly dividend on Wednesday, October 23rd, Wall Street Journal reports. Investors of record on Tuesday, November 5th will be paid a dividend of 0.003 per share by the bank on Thursday, December 12th. This represents a $0.04 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from Banco Bradesco's previous monthly dividend of $0.002353.

Banco Bradesco has increased its dividend by an average of 26.7% per year over the last three years.

Banco Bradesco Trading Down 0.9 %

Banco Bradesco stock traded down $0.02 during mid-day trading on Wednesday, hitting $2.29. The company's stock had a trading volume of 7,422 shares, compared to its average volume of 20,868. The firm has a market capitalization of $24.41 billion, a PE ratio of 9.96 and a beta of 1.14. Banco Bradesco has a 1 year low of $1.95 and a 1 year high of $3.21. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock's fifty day moving average is $2.44 and its two-hundred day moving average is $2.31.

Banco Bradesco (NYSE:BBDO - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. The company had revenue of $9.64 billion during the quarter.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.